Brazil’s antitrust regulator, CADE, cleared American Airlines’ $100 million investment in Azul on July 31, unconditionally. American will acquire an 8.66% equity stake, a board seat, and a seat on Azul’s strategic committee. Unless challenged within 15 days of publication…
The U.S. justice granted final authorization to the Azul restructuring plan under Chapter 11 , allowing a reduction in debt and leasing obligations exceeding $2.6 billion. This judicial green light enables a capital raise of $950 million in fresh funds,…
Negotiations for a potential merger between Azul Linhas Aéreas and GOL Linhas Aéreas have ended, halting the creation of an aviation giant in Brazil. Simultaneously, GOL has requested the termination of the codeshare agreement it had with Azul, effective as…
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PR: GOL Linhas Aéreas Inteligentes S.A., a leading domestic airline in Brazil, today announced the next important milestone in its financial restructuring process initiated in the United States Bankruptcy Court, disclosing its new 5-Year Financial Plan (the “GOL 5-Year Plan”…
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